All Forum Posts by: Kendall T.

I want 10 rental properties paid off free and clear averaging out 625 per month each.  I may want more after I hit this.  

I would say, it makes sense to allow a washer, it must be very hard on your tenant with out one, and your ultimate goal most likely is to make money on your rental with low turnover so Installing a washer seems like the best course of action.  You might want to charge a little more for the water use.

The bottom line is a house is a real object, that people actually need in good times or bad for survival from the elements.  People do not have to have stocks for survival.  And if a company crashes, stockholders may lose everything.

@Account Closed my friend had lower end duplexes,I believe he liked 2 bed 1 bath, and I would call it C property

I am very grateful for bigger pockets for the information and wonderful helpful people

Gotta love BP!

I know someone who has over 70 rentals, and he almost lost everything in the recession.  Rents went down, and vacancies went up.  I believe his vacancy rate was around 25%.  In a bad recession/depression people get more creative with living arrangements, such as moving with mom and dad, friends, renting out rooms etc, thus more rentals are freed up

Sounds like you could make a "high" profit 

I prefer to collect rent at the door, in cash, that gives me a chance to look at the unit, and make sure the house still looks great.

I love the ghetto, and properties around it.  I own a rental property that some might call the ghetto, however there is extremely quick police and ems response time, there have been three shootings recently in roughly the last  month or so, but I love this property.  The neighbors are great.  I have the same tenants for about a yr, and the rent has always been paid.  My tenants are great, and it is getting approx 30% returns ((total cost of approx 19 k, and rents out for 650.00 per month with a discount given if paid on time.  I think there one needs to be creative when dealing with the tenants in the ghetto, and be willing to be generous and offer perks, rewards for good behavior.